
Energy / Renewable Energy · NSE
Sahaj Solar Limited, founded in 2010, is a leading renewable energy solutions provider with three key business units. The company operates a state-of-the-art PV module manufacturing facility in Bavla, Ahmedabad, Gujarat, spanning 2,883.77 square meters, including 2,445.5 square meters of factory and office space, with a production capacity of 100 MW. This automated facility manufactures mono and polycrystalline PV modules, including advanced mono PERC modules, catering to domestic and international solar projects. Additionally, Sahaj Solar offers solar water pumping systems and end-to-end EPC services, covering design, supply, installation, testing, commissioning, and maintenance for projects of all sizes. As of September 30, 2023, the company employed over 64 professionals across various departments, reinforcing its expertise in the solar energy sector.
Price Band
₹171 – ₹180
Issue Size
₹52.56 Cr
Lot Size
800 shares
GMP
+138.9%
Est. Listing
₹430
at current GMP
Subscribed
513.15x
overall
Open
11 Jul 2024
Close
15 Jul 2024
Allotment
16 Jul 2024
Refund
17 Jul 2024
Demat Credit
18 Jul 2024
Listing
19 Jul 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
16 Jul 2024
Basis finalization
Refunds Initiate
17 Jul 2024
Mandate release
Demat Credit
18 Jul 2024
Shares in demat
Listing Debut
19 Jul 2024
Trading begins
Sahaj Solar Limited is bringing an initial public offering (IPO) in the Energy / Renewable Energy sector with an aggregate issue size of ₹52.56 Crores. The shares are offered at a price band of ₹171 to ₹180 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-18, while un-allotted funds or UPI block mandates will be released on 2024-07-17.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.